Thursday | 11 June 2026 | Reg No- 06

Who will not need a TIN to open bank account

Published : Thursday, 11 June, 2026 at 3:18 PM Count : 27

Observer Online Report

The proposed budget for fiscal year 2026-27 makes a Taxpayer Identification Number (TIN) mandatory for opening a bank account.

The government is taking this initiative primarily to broaden the tax net. However, several exemptions will remain in place.

Students will not be required to submit a TIN certificate when opening bank accounts. In addition, holders of no-frills accounts- such as the Tk 10 bank account scheme- as well as individuals opening accounts to receive government allowances and pension beneficiaries, will be exempt from the TIN requirement.

Editor : Iqbal Sobhan Chowdhury

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